Stelac Advisory Services 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALPHABET INC -A-	COM	02079K305	16,507,250	90,624	SH		DFND		0	0	90,624
PROLOGIS INC	COM	74340W103	15,543,142	138,395	SH		DFND		0	0	138,395
SPDR S&P 500 ETF TRUST	COM	78462F103	15,234,323	27,924	SH		DFND		0	0	27,924
NVIDIA CORP	COM	67066G104	15,126,238	122,440	SH		DFND		0	0	122,440
VANGUARD EUROPEAN STOCK INDEX FUND ETF	COM	922042874	11,599,551	173,724	SH		DFND		0	0	173,724
MICROSOFT CORP	COM	594918104	11,253,344	25,178	SH		DFND		0	0	25,178
ELI LILLY & CO	COM	532457108	10,240,753	11,311	SH		DFND		0	0	11,311
VANGUARD 500 IDX FUND ETF	COM	922908363	9,904,578	19,770	SH		DFND		0	0	19,770
BERKSHIRE HATHAWAY INC -B-	COM	084670702	7,392,452	18,172	SH		DFND		0	0	18,172
SALESFORCE.COM INC	COM	79466L302	7,239,422	28,158	SH		DFND		0	0	28,158
SPDR BLOOMBERG BARCLAYS 1-3 MONTH T-BILL ETF	COM	78468R663	6,983,540	76,090	SH		DFND		0	0	76,090
WALT DISNEY COMPANY	COM	254687106	6,526,232	65,729	SH		DFND		0	0	65,729
ISHARES SHORT TREASURY BOND ETF	COM	464288679	6,102,584	55,227	SH		DFND		0	0	55,227
INVESCO S&P 500 EQUAL WEIGHT ETF	COM	46137V357	5,410,069	32,932	SH		DFND		0	0	32,932
ISHARES SELECT DIVIDEND ETF	COM	464287168	5,356,762	44,278	SH		DFND		0	0	44,278
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF	COM	92206C870	4,297,037	53,760	SH		DFND		0	0	53,760
ISHARES TIPS BOND ETF	COM	464287176	4,240,447	39,712	SH		DFND		0	0	39,712
SAMSUNG ELECTRONICS CO LTD S-GDR	COM	796050888	4,133,640	2,793	SH		DFND		0	0	2,793
ISHARES MSCI JAPAN ETF	COM	46434G822	4,086,894	59,890	SH		DFND		0	0	59,890
ALIBABA GROUP HOLDING LTD ADR	COM	01609W102	3,494,520	48,535	SH		DFND		0	0	48,535
JP MORGAN ETF TRUST EQUITY PREMIUM INCOME FUND	COM	46641Q332	3,382,436	59,676	SH		DFND		0	0	59,676
SPDR DJ INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	3,374,276	8,613	SH		DFND		0	0	8,613
ISHARES EUROPE ETF	COM	464287861	3,121,210	56,998	SH		DFND		0	0	56,998
ISHARES GLOBAL INFRASTRUCTURE ETF	COM	464288372	2,814,581	58,735	SH		DFND		0	0	58,735
VANGUARD CONSUMER STAPLES ETF	COM	92204A207	2,747,605	13,533	SH		DFND		0	0	13,533
ALPHABET INC -C-	COM	02079K107	2,739,745	14,937	SH		DFND		0	0	14,937
ISHARES INC MSCI EMMA ETF	COM	464287234	2,377,970	55,834	SH		DFND		0	0	55,834
LULULEMON ATHLETICA INC	COM	550021109	2,197,237	7,356	SH		DFND		0	0	7,356
INVESCO S&P 500 EQUAL WEIGHT HEALTH CARE ETF	COM	46137V332	2,150,749	71,620	SH		DFND		0	0	71,620
ISHARES MSCI EMERGING MARKETS EX CHINA ETF	COM	46434G764	2,021,858	34,153	SH		DFND		0	0	34,153
ISHARES CORE S&P MID-CAP ETF	COM	464287507	2,007,412	34,303	SH		DFND		0	0	34,303
APPLE INC	COM	037833100	1,899,371	9,018	SH		DFND		0	0	9,018
VANGUARD REIT INDEX FUNDA ETF	COM	922908553	1,809,033	21,464	SH		DFND		0	0	21,464
ISHARES MSCI PACIFIC EX-JAPAN ETF	COM	464286665	1,802,818	41,926	SH		DFND		0	0	41,926
INVESCO S&P 500 EQUAL WEIGHT CONSUMER STAPLES ETF	COM	46137V373	1,638,798	53,538	SH		DFND		0	0	53,538
THE GROWTH FUND OF AMERICA -A-	COM	399874106	1,493,312	20,238	SH		DFND		0	0	20,238
ISHARES MBS ETF	COM	464288588	1,462,809	15,933	SH		DFND		0	0	15,933
ISHARES MSCI CANADA ETF	COM	464286509	1,444,904	38,954	SH		DFND		0	0	38,954
ISHARES BITCOIN TRUST ETF	COM	46438F101	1,410,358	41,311	SH		DFND		0	0	41,311
INVESCO SENIOR LOAN ETF	COM	46138G508	1,390,344	66,081	SH		DFND		0	0	66,081
FLEXSHARES TRUST STOXX GLB UPSTREAM NATURAL RESOU IDX FD ETF	COM	33939L407	1,342,603	33,448	SH		DFND		0	0	33,448
ISHARES INTERMEDIATE CREDIT BOND ETF	COM	464288638	1,224,960	23,897	SH		DFND		0	0	23,897
INVESCO VARIABLE RATE PREFERRED ETF	COM	46138G870	1,151,302	48,051	SH		DFND		0	0	48,051
ISHARES 1 - 3 YR CREDIT BOND ETF	COM	464288646	1,022,187	19,949	SH		DFND		0	0	19,949
ISHARES CORE MSCI EMMA ETF	COM	46434G103	1,017,712	19,012	SH		DFND		0	0	19,012
AMAZON.COM INC	COM	023135106	951,597	4,924	SH		DFND		0	0	4,924
ISHARES FLOATING RATE BOND ETF	COM	46429B655	913,438	17,879	SH		DFND		0	0	17,879
FACEBOOK INC	COM	30303M102	854,653	1,695	SH		DFND		0	0	1,695
VANGUARD VALUE IDX FUND ETF	COM	922908744	834,132	5,200	SH		DFND		0	0	5,200
INVESCO QQQ TRUST SERIES I	COM	46090E103	719,484	1,500	SH		DFND		0	0	1,500
EUROPACIFIC GROWTH FUND INC -A-	COM	298706102	653,515	11,420	SH		DFND		0	0	11,420
INVESCO S&P 500 EQUAL WEIGHT UTILITIES ETF	COM	46137V274	639,758	11,024	SH		DFND		0	0	11,024
VANGUARD SHORT-TERM CORPORATE BOND ETF	COM	92206C409	626,778	8,111	SH		DFND		0	0	8,111
ISHARES BARCLAYS US TREASURY BOND FUND ETF	COM	46429B267	596,683	26,437	SH		DFND		0	0	26,437
ISHARES MSCI EAFE ETF	COM	464287465	580,817	7,415	SH		DFND		0	0	7,415
VANGUARD GLOBAL EX US REAL ESTATE INDEX FUND ETF	COM	922042676	563,598	13,892	SH		DFND		0	0	13,892
VISA INC -A-	COM	92826C839	554,880	2,114	SH		DFND		0	0	2,114
ISHARES RUSSELL 2000 ETF	COM	464287655	489,168	2,411	SH		DFND		0	0	2,411
ISHARES CORE S&P SMALL CAP ETF	COM	464287804	435,813	4,086	SH		DFND		0	0	4,086
GRUPO FINANCIERO GALICIA SA S-ADR -B-	COM	399909100	372,832	12,200	SH		DFND		0	0	12,200
AMERICA MOVIL SAB DE CV S-ADR - B-	COM	02390A101	372,300	21,900	SH		DFND		0	0	21,900
VANGUARD HEALTH CARE ETF	COM	92204A504	370,017	1,391	SH		DFND		0	0	1,391
ISHARES PHLX SEMICONDUCTOR ETF	COM	464287523	351,448	1,425	SH		DFND		0	0	1,425
iShares MSCI World ETF	COM	464286392	313,269	2,124	SH		DFND		0	0	2,124
ISHARES CORE US AGG BOND ETF	COM	464287226	304,412	3,136	SH		DFND		0	0	3,136
ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF	COM	464288513	290,355	3,764	SH		DFND		0	0	3,764
AIRBNB INC -A-	COM	009066101	269,901	1,780	SH		DFND		0	0	1,780
SPDR GOLD TRUST ETF	COM	78463V107	259,732	1,208	SH		DFND		0	0	1,208
GLOBAL X FUNDS CYBERSECURITY FUND ETF	COM	37954Y384	246,727	8,341	SH		DFND		0	0	8,341
GLOBAL X FINTECH ETF	COM	37954Y814	242,236	9,627	SH		DFND		0	0	9,627
ALTRIA GROUP INC	COM	02209S103	241,760	5,200	SH		DFND		0	0	5,200
ENERGY TRANSFER LP	COM	29273V100	236,812	14,600	SH		DFND		0	0	14,600
MPLX LP	COM	55336V100	234,245	5,500	SH		DFND		0	0	5,500
ENTERPRISE PRODUCT PARTNERS LTD	COM	293792107	220,248	7,600	SH		DFND		0	0	7,600
Civitas Resources Inc.	COM	17888H103	219,420	3,180	SH		DFND		0	0	3,180
EVERGY INC	COM	30034W106	211,880	4,000	SH		DFND		0	0	4,000
APELLIS PHARMACEUTICALS INC	COM	03753U106	211,747	5,520	SH		DFND		0	0	5,520
FIRST TRUST INDXX NEXTG ETF	COM	33737K205	209,003	2,551	SH		DFND		0	0	2,551
SELECT SECTOR SPDR TRUST - TECHNOLOGY ETF	COM	81369Y803	208,810	923	SH		DFND		0	0	923
Ares Capital Corporation	COM	04010L103	208,400	10,000	SH		DFND		0	0	10,000
Rithm Capital Corp	COM	64828T201	205,108	18,800	SH		DFND		0	0	18,800
ISHARES DOW JONES US REAL ESTATE ETF	COM	464287739	199,597	427	SH		DFND		0	0	427
ISHARES 3-7 YEAR TREASURY BOND ETF	COM	464288661	189,255	1,639	SH		DFND		0	0	1,639
GLOBAL X ROBOTICS & ARTIFICIAL INTELLIGENCE ETF	COM	37954Y715	182,694	5,922	SH		DFND		0	0	5,922
HEALTH CARE SELECT SECTOR SPDR FUND	COM	81369Y209	176,503	1,211	SH		DFND		0	0	1,211
ISHARES CORE MSCI EUROPE ETF	COM	46434V738	165,554	2,907	SH		DFND		0	0	2,907
ROBO GLOBAL HEALTHCARE TECHNOLOGY AND INNOVATION ETF	COM	301505723	162,829	5,980	SH		DFND		0	0	5,980
COCA-COLA CO	COM	191216100	155,965	2,439	SH		DFND		0	0	2,439
APOLLO GLOBAL MANAGEMENT INC	COM	03769M106	154,790	1,311	SH		DFND		0	0	1,311
KKR & CO INC -A-	COM	48251W104	144,810	1,376	SH		DFND		0	0	1,376
HIMS & HERS HEALTH INC -A-	COM	433000106	137,474	6,809	SH		DFND		0	0	6,809
MASTERCARD INC	COM	57636Q104	136,778	310	SH		DFND		0	0	310
SIMON PROPERTY GROUP INC	COM	828806109	133,736	881	SH		DFND		0	0	881
GLOBAL X E-COMMERCE ETF	COM	37954Y467	130,807	5,510	SH		DFND		0	0	5,510
VANGUARD DIVIDEND APRECIATION ETF	COM	921908844	129,699	707	SH		DFND		0	0	707
THE BLACKSTONE GROUP INC -A-	COM	09260D107	126,524	1,022	SH		DFND		0	0	1,022
GLOBAL X GENOMICS & BIOTECHNOLOGY ETF	COM	37954Y434	125,113	11,984	SH		DFND		0	0	11,984
VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF	COM	921946406	116,109	979	SH		DFND		0	0	979
AMPLIFY ETF TRUST TRANSFORMATIONAL DATA SHARING ETF	COM	032108607	114,213	3,220	SH		DFND		0	0	3,220
ISHARES MSCI INDONESIA ETF	COM	46429B309	112,730	5,850	SH		DFND		0	0	5,850
ISHARES MSCI MALAYSIA ETF	COM	46434G814	111,828	4,979	SH		DFND		0	0	4,979
TILRAY INC	COM	88688T100	111,044	66,894	SH		DFND		0	0	66,894
VANECK VECTORS VIETNAM ETF	COM	92189F817	110,993	9,124	SH		DFND		0	0	9,124
WAL-MART STORES INC	COM	931142103	107,271	1,584	SH		DFND		0	0	1,584
THE CARLYLE GROUP INC	COM	14316J108	102,101	2,543	SH		DFND		0	0	2,543
MICROSTRATEGY INC -A-	COM	594972408	101,934	74	SH		DFND		0	0	74
ISHARES MSCI PHILIPPINES ETF	COM	46429B408	101,448	4,199	SH		DFND		0	0	4,199